Sebastian is a city in Indian River County, Florida, United States. In 2010, the population recorded by the U.S. Census Bureau was 21,929. Sebastian is a principal city of the SebastianโVero Beach Metropolitan Statistical Area, which includes all of Indian River County. In 1715, several Spanish ships loaded with treasure (known as the 1715 Treasure Fleet) encountered a storm off the shores of the Treasure Coast and were lost. It is estimated that only a portion of the sunken treasure has been found. The value placed on the treasure lost from the 1715 fleet has been estimated at more than US$500 million. The per capita income for the city was $24,959 in 2010. VISIT OFFICIAL CITY SITE https://www.cityofsebastian.org